Timeshare Problems and What to Avoid

Ultimately, what you need to avoid is the necessity for a timeshare get out when it is too late. If you have decided that you want to buy a timeshare property and have looked at some timeshare reviews then you will no doubt be approaching the purchase with a cool head. However, the ideal situation for the seller is one where you have had no opportunity for research and that could leave you looking for a timeshare get out later, so take your time.

Many people realize the value of owning a timeshare and being able to get away on vacation on an annual basis without having to worry about paying for it all at once. However, that being accepted, there are numerous, quite different timeshare scams out there in the market place and it is easy to get fooled by one of them. That is why it is important for you to make sure that you are well informed whenever going into a timeshare presentation and that you do so with both eyes wide open.

The first thing to point out, is that just because a timeshare presentation is high pressure it does not necessarily mean that it ranks as one of the timeshare scams that are prevalent. The companies that run the legitimate timeshares spend a lot of time and money learning how to make as many people purchase as possible during these presentations. Essentially, you are being subjected to some well researched psychology. You might call it immoral but it is not illegal. Just be on your guard.

It does not matter what you were told at first; you are going to receive some kind of pressure while you are sitting at the table and you may have to say NO multiple times if you are truly not interested in buying a timeshare property. These are not timeshare scams; they are simply high pressure sales tactics that tend to work well for the sellers.

Of course, one of the most important things for you to keep in mind is the old saying, "if it sounds too good to be true, it probably is too good to be true". You can expect to be offered some kind of concession in order to sign up for the timeshare and many of these are fairly reasonable. If you are offered something such as a car, or perhaps a very expensive cruise in order to sign on the dotted line, you might be sitting at the table with one of these timeshare scam companies. You might also get caught up in the fine print at one of these negotiations, and more than one buyer has fallen for this.

In order to avoid timeshare scams, you might want to avoid any of the timeshare companies except for one of the well known companies that are available. RCI and Interval International Timeshare are two of these companies that are generally trustworthy. Although they will still fall under the general timeshare banner, with all of its popular misconceptions, as far as their reputation is concerned they are generally to be trusted. There are very few timeshare scams that never occur in these companies but they are both what is known as a true timeshare organization and scams are rare. Any company can have a rogue seller and these two companies are hot on keeping the business clean.

Other obvious timeshare scams would include being sold two timeshares and then being told that you are able to sell one, in effect sticking you with two different sales. You should also avoid any 900 numbers which may offer you one of these timeshares at an amazing price, as it is more than likely a scam. If all else fails, do not overlook the possibility of having somebody, such as a lawyer or a real estate agent look over the fine print of one of these documents before you sign it. The seller will not like it because it delays or even stops the sale but do it anyway. It is better to be safe than sorry, especially whenever you are talking about a large sum of money.

Source by Jack Murphy